Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Leading Edge Financial Planning LLC

Leading Edge Financial Planning LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,511 shares of the e-commerce giant’s stock after purchasing an additional 400 shares during the quarter. Leading Edge Financial Planning LLC’s holdings in Amazon.com were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Group LLC increased its holdings in shares of Amazon.com by 1.2% in the 1st quarter. Cornerstone Wealth Group LLC now owns 81,174 shares of the e-commerce giant’s stock valued at $15,444,000 after acquiring an additional 988 shares during the period. Invesco LLC grew its position in Amazon.com by 3.3% during the 1st quarter. Invesco LLC now owns 74,556 shares of the e-commerce giant’s stock worth $14,185,000 after purchasing an additional 2,409 shares during the last quarter. Navis Wealth Advisors LLC increased its stake in Amazon.com by 8.4% in the first quarter. Navis Wealth Advisors LLC now owns 6,292 shares of the e-commerce giant’s stock valued at $1,197,000 after purchasing an additional 489 shares during the period. Berry Wealth Group LP raised its holdings in shares of Amazon.com by 7.5% in the first quarter. Berry Wealth Group LP now owns 6,297 shares of the e-commerce giant’s stock valued at $1,198,000 after buying an additional 441 shares during the last quarter. Finally, G2 Capital Management LLC OH boosted its stake in shares of Amazon.com by 2.5% during the first quarter. G2 Capital Management LLC OH now owns 8,765 shares of the e-commerce giant’s stock worth $1,668,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. Benchmark reaffirmed a “buy” rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson dropped their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $249.42.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $225.89, for a total value of $551,665,621.43. Following the sale, the insider directly owned 895,279,901 shares of the company’s stock, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.3%

Shares of NASDAQ AMZN opened at $226.35 on Wednesday. The firm has a market cap of $2.40 trillion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s 50 day moving average price is $211.52 and its 200 day moving average price is $208.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.